PC Jeweller confirms no deviation or variation in the utilization of proceeds from its preferential issues of Fully Convertible Warrants. This statement, pertaining to the quarter ended December 31, 2025, assures that the funds were used as intended. The confirmation follows a review by the Audit Committee, ensuring compliance with regulatory norms. There were preferential issues approved in August 2024 and August 2025.
Utilization of Proceeds
PC Jeweller has released a statement confirming that there has been no deviation or variation in the use of proceeds from its preferential issues of Fully Convertible Warrants. This announcement is made in accordance with regulatory requirements and is applicable to the preferential issues approved by shareholders in August 2024 and August 2025.
Details of Preferential Issues
The confirmation specifically covers:
- Fully Convertible Warrants from the objects stated in the Explanatory Statement to the Notice dated July 13, 2024, read with Corrigendum to the Notice dated July 29, 2024, of the Extra-Ordinary General Meeting held on August 08, 2024.
- Fully Convertible Warrants and Equity Shares from the objects stated in the Explanatory Statement to the Postal Ballot Notice dated July 10, 2025, read with Corrigendum to the Notice dated August 01, 2025.
Financial Overview
The following table summarizes the allocation and utilization of funds from preferential issues:
Column A (Approved on 08/08/2024)
- Date of raising funds: 18/10/2025 & 15/11/2025
- Repayment of Banker’s Outstanding Debts: Original Allocation: ₹2,025.00 Cr, Funds Utilized: ₹829.68 Cr
- Working Capital Requirement: Original Allocation: ₹529.69 Cr, Funds Utilized: ₹529.10 Cr
- General Corporate Purposes: Original Allocation: ₹150.00 Cr, Funds Utilized: ₹149.83 Cr
- Issue Related Expenses: Original Allocation: ₹0.45 Cr, Funds Utilized: ₹0.00 Cr
Column B (Approved on 10/08/2025)
- Date of raising funds: 18/09/2025
- Repayment of banker’s outstanding debts including interest thereon: Original Allocation: ₹434.27 Cr, Funds Utilized: ₹303.52 Cr
- Working Capital Requirement: Original Allocation: ₹65.33 Cr, Funds Utilized: ₹65.22 Cr
- Issue Related Expenses: Original Allocation: ₹0.40 Cr, Funds Utilized: ₹0.00 Cr
Funds utilized in Column A and Column B represent the total amount utilized till December 31, 2025, including the amount utilized during the previous quarters.
Tentative timeline for utilization of funds as approved by Members is upto April 2026.
Source: BSE
